SLR Investment Corp. (NASDAQ:SLRC) Shares Acquired by Wells Fargo & Company MN

Wells Fargo & Company MN increased its holdings in shares of SLR Investment Corp. (NASDAQ:SLRC) by 39.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,480 shares of the financial services provider’s stock after purchasing an additional 3,551 shares during the period. Wells Fargo & Company MN’s holdings in SLR Investment were worth $202,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Raymond James Financial Inc. purchased a new position in SLR Investment during the 4th quarter worth $4,565,000. Empirical Asset Management LLC purchased a new position in SLR Investment during the fourth quarter worth about $3,895,000. Strategic Financial Concepts LLC purchased a new position in SLR Investment during the fourth quarter worth about $1,902,000. Trexquant Investment LP lifted its position in SLR Investment by 75.5% in the fourth quarter. Trexquant Investment LP now owns 176,331 shares of the financial services provider’s stock valued at $2,850,000 after purchasing an additional 75,879 shares during the period. Finally, Epiq Partners LLC purchased a new stake in SLR Investment in the 4th quarter valued at approximately $1,047,000. 35.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on SLRC. Wells Fargo & Company reduced their target price on SLR Investment from $13.00 to $12.00 and set an “underweight” rating for the company in a report on Monday, April 28th. Compass Point boosted their price objective on shares of SLR Investment from $16.50 to $17.25 and gave the stock a “neutral” rating in a report on Tuesday, March 11th. JPMorgan Chase & Co. dropped their target price on shares of SLR Investment from $16.50 to $15.00 and set an “underweight” rating for the company in a report on Thursday, April 24th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of SLR Investment from $16.00 to $17.00 and gave the company a “market perform” rating in a research report on Tuesday, March 4th. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $15.65.

SLR Investment Price Performance

SLR Investment stock opened at $15.62 on Friday. SLR Investment Corp. has a 1 year low of $13.64 and a 1 year high of $17.94. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a 50 day moving average price of $16.10 and a 200 day moving average price of $16.36. The company has a market cap of $852.23 million, a price-to-earnings ratio of 8.82 and a beta of 0.75.

SLR Investment (NASDAQ:SLRC) last released its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $0.41 EPS for the quarter, hitting analysts’ consensus estimates of $0.41. The company had revenue of $53.18 million for the quarter, compared to the consensus estimate of $53.43 million. SLR Investment had a return on equity of 9.73% and a net margin of 40.89%. Sell-side analysts predict that SLR Investment Corp. will post 1.76 earnings per share for the current year.

SLR Investment Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 10.50%. The ex-dividend date is Friday, June 13th. SLR Investment’s dividend payout ratio (DPR) is presently 93.71%.

SLR Investment Profile

SLR Investment Corp. is a business development company specializing in secured debt (first lien unitranche and second lien), subordinated (unsecured) debt, minority equity, leveraged buyouts, acquisitions, recapitalizations, general refinancing, growth capital and strategic income-oriented control equity investments in leveraged middle market companies.